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made on the same day, in fact come as weekly jobless claims unexpectedly skyrocketed. president obama created the jobs council back in 2011, billing the advisory board of prominent business leaders and economists from around the nation who were to offer proposals to help spur job creation and economic growth. the president only met with his jobs counselor handful of times, four to be exact, rejecting or ignoring many proposals, including a plan to lower tax rates in order to broaden the overall tax base. the council's last official meeting one and one year ago. unemployment has dropped from more than 9 percent of the council's inception to the current rate of 78%, but more than 23 million americans remain of work or are stuck in part-time jobs , wanted full-time work for. meantime, we learned initial jobless claims rose to 360,000 last week, an unexpected jump of over 38,000 from the prior week's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president h
's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president has not remained lazar focused on creating jobs, and the dissolution of the jobs council is just the latest example of that. fox news senior white house correspondent with our report. >> more than one year after his last meeting with the group, president obama is now eviewing the charter for is jobs council. the unemployment rate is falling a little more than a percentage point as the council's first meeting two years ago and no one in the white house says it has fallen far enough. officials defend the council's work in mr. obama's interaction with it. >> the jobs council provided us a series of ideas, many of which the president acted on. it did not require some leaves us ideaso be generated. >> from the start critics believe the council was intended to create the appearance of action in the face of soaring unemployment. it only met four times and had fewer than two dozen conference calls enlisting
. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments, i say his departure could not come soon enough. $8 a gallon. that's my "2 cents more." that's it for tonight on "the willis report." thank you for joining as. do not forget to record airshow if you cannot catch us live. have a great weekend and a great night. ♪ lou: good evening, everybody. the dow jones industrials tonight above 14,000 for the first time since october of 2007. it just 155 points from its all-time high. the s&p regaining the 1500 level, the labor department today reporting 157,000 jobs were created last month, almost 170,000 people, however, dropped out of the workforce, despite all of that. the national unemployment rate rose one-tenth of a percentage. it now stands at 7.9. eight and a half million peopl
is now looking for that same congress to bail him out. president obama desperate for help with the trillion dollars sequester that was the bright idea of the white house. the president today made his plea for help in deferring the onset of the sequestered for another few months. it sounds a lot more like an order for more of the same short term, small minded fakes that has become the way washington of late. >> this congress cannot act immediately on a bigger package. if they cannot get a bigger package done by that time the sequester is scheduled fox business to affect then i believe they should at least passed a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of a sequester for fear -- few more months. lou: headed in the right direction icaria statement considering that it contracted the last quarter, and as he is fond of doing, insisted that republicans give him something for the privilege of doing his bidding. he wants more revenue. tonight we focus on the economy, congressional budget office today not happen the presi
and a half million people have dropped out of the work force since president obama took office. the developments overseas tonight. a suicide bomber attack. the u.s. embassy in turkey. killing one, injuring three others. the white house calling it an act of terrorism, the eighth attack on a u.s. embassy since hillary clinton was named secretary of state. coming on this, her less than the job. president obama to they retreated on the obamacare contraception mandate. the department of health and human services announcing that religiously affiliated organizations can opt out of the controversy and mandate, although the rule change applies only to religious nonprofits, prompting private sector entities with religious ties to say, not good enough, mr. president. and some racy super bowl ads starring super model and sports illustrated swimsuit get up. groups calling for higher standards for super bowl ads and their sponsors. we begin tonight with the unemployment rate at 7.9%. the white house looking to a brighter numbers, however, today including upper revisions in jobs created in bo
of his own making, trying to defer sequester, which was his administration's idea. president obama showing no sign of regret or even irony nor any sign that his refusal to support a legally mandated budget by yesterday's deadline would have tempered, if not resolved the entire fiscal mess. fox news chief white house correspondent ed henry with our report. >> warning the nation' economic recovery is in the balance, president obama pled with congress to a stop a series of massive spending cuts come barging into instead come up with a short-term come up of lesserpending cuts plus tax increases beyond what he signed at the end of december. >> if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package. >> the president said this quest to put hundreds of thousands of jobs in jeopardy from classrooms to the pentagon and defens contractors like lockheed martin which today announced hundreds of layoffs. mr. obama said damage can be stopped if only republicans will instead accept the white
the murder rate has fallen, to a rate that has not been seen since 1963. president obama took his campaign to minneapolis. a city that he wants to highlight. its murder rate has fallen 15% over the last five years. they are down 15%, but almost twice the national murder rate. for all of that, president obama spent hours in air force one, was on the ground barely two hours, and then got back on the plane. it cost taxpayers millions of dollars for him to travel for his speech about gun violence. minneapolis with the murder rate nearly twice the national, all of this happening after the president dropped into nevada for a couple of hours. there he delivered a 20 minute campaign speech on immigration. at a cost of more than $1.5 million of taxpayers money. the president claiming broad support for his initiatives of gun control. but he has offered no specific proposals at all. >> we have been able to take some steps of administrative action. real and lasting change also requires congress to do its part and to do it soon. not to wait. the good news is that we are starting to be a consensus emerg
she appeared in ads endorsing the president. also using clips where she says obama carries great and obama is doing a brilliant job. not exactly the kind of things that will help her in a state that voted overwhelmingly republican in the last election. she needs to get that straight if she is serious about running. that is my two cents more. coming up friday, got ready for something really, really exciting. a weekly segment focusing on top designers and trends in fashion and entertainment. this friday i will be sitting down with the fox business exclusive interview with supermodel and entrepreneur who will share some of the biggest secrets in fashion. you don't want to miss that. thank you for joining us, have a great night, we will see you back here tomorrow. lou: good evening, everybody. president obama today stepped up his campaign to avoid the consequences of sequestration. an idea that originated in the white house. republicans upon the president's new round of demands delay sequestration for months, nothing more than a play for more tax increases. hollywood a-list or bruce
. the unions didn't read the bill. every time obama comes -- president obama comes out with something, they just back it no matter what, and all of a sudden they have an oops moment 'cause they realized oh, my costs go up, so please help me. i think the bottom line, they'll end up with some sort of exemption, some sort of subsidy and guess what? it will be on our backs as usual. >> i know, but it's kind of interesting, dagen, maybe expecting quid pro quo didn't happen. >> to gary's point, if they get these subsidies on top of -- these members already having health insurance, that just opens the door for handouts to anybody. will ultimately drive up the cost of this health care law even more. listen, this law was about expanding health insurance to people who didn't have it. well, union members, you have it. your costs go up. suck it up. that's the way it goes [ laughter ] >> you like that one, huh? >> charlie, they've got -- to dagen's point, they qualify for breaks -- >> it's kind of absurdity of the health care law in the first place that there is all these sort of outs, you can get
chairman and did to the senate armed services committee that they talked with president obama exactly once during the terrorist attack on the american consulate, said deadly super winter storm to bring historic snowfall, coastal flooding, while conditions and 3 feet of snow are expected. what is the department of homeland's security doing with all of the ammunition in its buying? another enormous ammunition purchase. agenda paula talk now about one point* 6 billion crowns over the past 10 months alone. we begin with the testimony of outgoing defense secretary panetta and chairman of joint chiefs general the see both bringing the ugly truth to light of the administration's handling of thank on see -- benghazi resulting in the death of chris stevens. lindsay gramm talked with president obama only once on the day of the attack. >> he relied with myself and the generals capabilities. he knows what we deployed and we presented that to him said he knew generally was deployed with as specifics to time he left that up to us. lou: he said he was bothered by the lack of security and admitted the sta
of the presidents established by are the courts. as long as president obama has them working they should get paid for the work. >> but the courts have the final say, not the president, correct? >> that is separation . power. we are missing the bigger problem here in that the federal government does too much. there is it no incent itch for president obama to recess appoint and no incentive for republicans to block them if we didn't have the federal governmenting itself in what is employee. >> and i think the pay should be cut. this is the nlrb and federal workers are unionized my god. republicans are angry they are treated as voting memberings. recess appointments were unconstitutional . this is not washington d.c. drict of caracus. it is unconstitutional and they don't get paid. >> rich, the idea used to be that we were a voluntarily government and what the founteding fathers had in mind. this is it a board. this is not something that is supposed to be a paid position to begin with is it? >> yes, and consistency in the president's administration. you have all of the czars in the first administrat
to innovation in business. david: i'm wondering if the federal government is pushing too hard. president obama feels that with his reelection, he was allowed certain, certain liberties as far as how he could push, how far he could push, but the election was not an endorsement of a nanny state, was it? >> david, this is because no one read the bill which they have a problem doing. >> let's pass a bill we did not read and the same with the health care law there was a fight over it. the problem, she was talking about, you know, the small mom and pop businesses who need to watch the sector of grocery chains. your safe way, even the costco because they had big profit margins attached to that, you know, prepared food that you buy and you walk in and i want some salmon and green beans and they throw it into tins for you and profitable line of business. and they're going to get hit as well. >> mou how do they he deal with it. pass those costs onto the customers and-- >> absolutely. it's a huge challenge because you have to remember they also have to contend with now paying all of their workers the ext
appreciate it. >> thank you. lou: up next, the president's choice to run the cia defending the obama administration's drones and targeted killings. leading attorneys join us to tell us where is the constitution in all of this? yemen accuses iran of arming insurgents after weapons are seized and explosives. fox news terrorism analyst joins me next. ♪ lou: russian design sam two and sam three antiaircraft missiles c4 high explosives material found off a ship off the northern yemen coast. that shipment originated in iran. coordinated with the navy, and mike rogers tells fox it's part of a broader pattern to destabilize the region. joining us, middle east and terrorism analysts dr. ferris. they are caught red-handed here while they -- why is the united states not responding and responding strongly? >> well, first of all, this is not really the first time the iranian regime sent shipments of weapons as far as yemen, northern yemen. they went, imagine all i way through iran to the arabian peninsula, the international waters to get ton an enclave in northern yemen, far from the gulf where
china is crossing a real big line, and president obama, should drop everything to address this. ' to start with you jed. we hear about cyber war and cyber warfare, i'm not sure a lot ofeople take it seriously, can you describe what is at stake? >> every 6 rhet secret that we n our nation, and every computer network that runs virtually everything we do. this is serious stuff, maybe short of an act of war, but china has been going on, for a long time on pr this path, i think about 5 years ago they hacked in army's computer system in pentagon shutting down the e-mail. this is not new, titan rain code name, you know there is two types of government agents in u.s., those who have been hacked by china, and those who don't know they have been hacked this happens roughly a hundred times a day, attacks coming in from china from all sorts of places mostly guangdong province, this is say military effort. charles: michelle. no react, i rarely hear anything from washington in a political realm we hear china manipulating currency but no one talked about this which seems more dangerous? >> i
&p that cut the u.s. aaa credit rating back in august august 2011. unbelievable. meanwhile, the obama administration has been getting called out for picking winners and losers in the energy sector, mostly losers. a new bill would eliminate all of the energy, all of the energy tax credits. would that make it even playing field for people in that this is? running me now, republican congressman of kansas superposed the bill. congressman, welcome to the show. are you trying to accomplish with this? >> several things, first of all. thank you for having me on the show and talk about this. this is about affordable energy for the folks in kansas and california. affordable energy that they can depend on and rely on. our tax cut has become one that favors folks with a political ties and not those customers. in so many energy companies to get back to doing what they're supposed to do, creating value through finding customers, not political patrons. my legislation does just that, getting rid of every single energy tax credit in the entire code. i am all for it. we should close these loopholes for
the deficit through immigration reform. how did it work? president obama held meetings today with top ceos and labor leaders. we have all the latest details. >>> plus the justice department body slammed standard & poor's alleging it defrauded investors over mortgage securities rating. is s&p cooked? john eagan, ceo of eagan jones rating company joins us exclusively to react. >>> the entire electronic industry could be turned upside down. foxconn workers in china will get the first free union vote. these guys produced 40% of the world's electronics. will this push up the price of your smartphone? you might want to embrace for impact. even when they say it's not it is always about money melissa: first let's take a look at today's market moments. stocks recovered after the worst day of the year. solid u.s. and european economic data helped put the bulls back on the track. the dow briefly climbed back above the 14,000 mark and pared session highs closing up 99 points. nasdaq and s&p 500 each gained more than 1%. >>> starting off tonight with president obama's big plan. using immigration reform
percent of gdp. under president obama and harry reid and nancy pelosi that exploded. it is 25 percent of the gdp. discretionary and entitlement spending, we have record-breaking deficits. no one is stopping it. nwe have a spending problem. we don't have a revenue problem. johnathon first. >> yeah, we don't, eric we tax enough and so much of what our tax dollars go to are not specified in the constitution. to the congressman's point. it is specified in the consitution. food stamps and fema and epa and healthcare and all of the other money is found no where in the constitution . it is it basically taxing people's lives . until congress gets that out of their head when they tax and borrow, they are hurting individual americans . it is getting out of the control. >> congressman can why gree we have a spending problem and not a revenue. >> we have. as the commission said we should do spending reductions and two dollars of every tax dollar . if i could. there are stow many, look at glaxco smith kline . 7 years they had hid from the fda. >> let's stay on topic congressman. stay on topic. way
stuart: we just had time to squeeze in the "highlight reel." >> president obama and harry reid wants more "revenue." >> and looking to expand it. >> republicans would have been blamed for any tax increase on the middle class. >> the end result being he takes more money off of wealthy people. >> it slows us down gradually. >> many can say texas don't matter. of course they will in the long run. stuart: here we come. what a perfect moment to throw it to dagen and connell. connell: good morning, everyone. dagen: america is a good bet. here to tell you why. connell: one of our guests in this hour could be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mar
will bring the numbers estimate they released but right now president obama meeting with a parade of ceos. marissa mayer of yahoo, what are they being informed? pushing for an overhaul of our immigration laws. earlier this hour, we talked to somebody inside that meeting. plus, we have somebody who immigrated here from india, went to mit, started a very successful software company in california and hired a lot of americans. chairman and ceo has some great ideas on how to help immigration get going. at the same time, great for the economy. david: we will see what happens. a dysfunctional bureaucracy. how about a little bit of help at the gas pump. the governor is looking to completely do away with the state capital. no state has ever done that before. he wants to get rid of his. with us to tell us why coming up later. liz: adam shapiro, how did they do? adam: earnings per share is a miss. revenue came in 699.2 million, the street expecting 698.89 million. one of the things they are saying in the report, they see sales being flat to low single digits, same-store restaurant sales excluding ad
: thank you very much. president obama said to nominate business executive sally jewell to run the interior department. connell: as we welcome monica crowley, my only goal is to try to get monica and dagen to yell at each other. monica will start. she is here to argue, i think, this is a bad choice because president obama is making it. >> she is a top business executive. she has an energy background. she has a lot of experience that i think could come into play. my only problem here is that even some of the most impressive people who have served in obama's cabinet and of being cooperative. even the most strong willed and impressive people end up getting used as props. dagen: you are suggesting that this woman who ran the outdoor retailer, one of the best companies to work for and the country, that she is just a big old piece of plato and she will let herself get molded. >> they do kind of get chewed up and spit out. she is very strong-willed. she is incredibly impressive, do not get me wrong. she does not have a whole lot of experience in government. connell: who are you talkin
. president obama will miss his budget deadline. it is the third year and a row in the fourth time they have done that. you know, after all of that, i need a change of subject. i give you budweiser's clydesdale commercial. ♪ ♪ i took my love and i took it down mobile i climbed a mountain and i turned around ♪ ♪ stuart: that really was heartwarming. it was the number one super bowl ad. at 10:45 a.m., we have a very force on the road and the man who created that ad. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it.
the world's biggest oil company pays uncle sam. you will be surprised. ♪ gerri: president obama has made the oil companies out to be tax cheats, but i'll write down h ♪ gerri: well, it was a record date or near record day for one of the world's biggest companies , exxon mobil. now, the oil joint -- giant barely missed a record 44-year earnings just under 45 billion, 340 million shy of its 2008 record profit. net income equals $2.20 per share or about $10 million a. it's a huge number for that company. as a result of the success people on the left really does the companies say they don't deserve the massive tax breaks they're getting. these big bad boy of guys have to pay their fair share like the rest of successful -- i mean, i'm sorry, wealthy americans. take a look at this. for the fourth quarter exxon paid nearly seven and a half billion dollars in income taxes. nearly 8 billion in sales taxs. nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned ab
should contribute. stuart: relieve the rich should contribute, tax the rich. president obama pushing for more tax increases yesterday. in an interview on cbs before the super bowl he said there is no doubt that government needs new relation. he promises strong economic growth this year coming on the heels of an economic contraction in the fourth quarter along with the rise in the unemployment rate. and everybody's taxes already went up as of january 1, taxes may go up some more. from taxes to the market. the dow above 14,000 for the first time since 2007 friday afternoon. let's bring in nicole. it is not like it was going to hold at 14,000, now futures are down, how much are they down? nicole: you can see the down arrows, 69 points pulling back awfully 14,000 mark. traders are not surprised. we have run up so much so far so fast. coupled with great political uncertainty in europe, something there and having to watch. it is not surprising to see a little bit of a pullback and a very strong dollar. stuart: thank you very much, back in a second. the ravens return to baltimore this morni
have some breaking news as well. we expect to hear from president obama on the automatic spending cuts due to go into affect on march 1. we will bring you the remarks as soon as they happen. lori: dollar stores breaking in the cash. charles payne joins us to tell us whether this stock is worth your box. melissa: less time in the office, more time on the beach. an economist argues the case as we head out to break. let's look at metals, as well. gold trading down on the day. silver and copper trading higher. will be right back. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
to hear honest, straight talk from a congressman. next up, ceos of the white house again, president obama and business leaders discussing the deficit and immigration reform but critics claim the white house will not listen anyway so why all the meetings? the top economic aid and one of my favorite guys, another straight shooter. i want you to react to a sound bite we have. goldman sachs ceo lloyd playing find spoke about the economy, spoke about what we are about to get into. i want reaction to this sound bite. >> a lot of the economic numbers are surprisingly on the high side. some in front of us, i think it is undeniable we are entering a growth phase at this point. liz: do you agree with that? >> my feeling is that is probably true past the next six months, still feels like it has some bumpy patches we have to get through but i do think as we are slowly coming out of this downturn there probably are a lot of things to the upside we can start looking to benefit from not the least of which being crawling out from under the rock of the collapse of the housing market. liz: we are getting o
to make marijuana legal and tax it. president obama proposes a short-term fix to delay automatic spending cuts one day after he blows another budget deadline. and the shocking proof union leaders just want more power, not power to the people. "the willis report" is on the case. all that and more coming up later, but first, the top story tonight, building in washington can change, totally remake current marijuana laws. including legalizing industrial production as well as establishing a federal pot tax. lawmakers on both sides of the aisle worked away on these bills, one of which introduced just today by two democratic congressman. both of them calling for an end to federal pot prohibition. will it work? joining us now, drug policy visor and founder and executive director of the drug policy alliance. starting with you. melissa: it is a lot like the appeal of alcohol probation. if it doesn't work, it is not effective and they say it is costing tens of billions of dollars every year, diverting precious law-enforcement resources, funding organized crime, so a lot better to have a smart, cynic
obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> first up this wednesday morning, gas prices, yes, they are still on the rise. national average for regular up more than a penny, now at 3.54. just in the past month the price of gas spiked about 25 cents a gallon. the underlying price of oil right now we're down, $95 per barrel. while gas prices are going up, president obama is focused on climate change. at the state of the union next week, the president plans to announce he'll use executive power to curb carbon at power plants. and he made an indication in his inaugural speech. here is some of that. >> we will respond to the threat of climate change knowing that the failure to do so would betray our children and future generations. some may still deny t
Search Results 0 to 49 of about 88 (some duplicates have been removed)